Originally reported by-Cryptocurrency News 24/7 | Cryptonews.tel
A gaggle of 4 worldwide telecommunications corporations are presently testing a blockchain-based answer to automate the administration of inter-operator roaming low cost agreements. In response to a report published on Feb. 17 by Cellular Europe, Deutsche Telekom, T-Cellular US, Telefonica and Orange say the answer vastly reduces the complexity of the current system, and is “production prepared.”
Simplifying to permit scaling
The brand new answer revamps a course of that hasn’t modified in a few years and includes drafting, signing and manually implementing agreements for discounted roaming costs.
Automating this workflow hurries up and streamlines this process. Use of blockchain signifies that the terms of the agreement can't subsequently be altered.
New applied sciences have been set to make the prevailing course of much more complicated, as Rolf Nafziger, Senior Vice President of Deutsche Telekom International Service, explained:
“The inter-operator workflow in roaming has been principally unchanged for the last 20 years. In the near future nevertheless, new providers [...] will drastically improve the complexity of inter-operator discount agreements and respective settlements. This blockchain-based answer is the beginning of automating sections of our workflow. It can put us able to handle the extra complexity whereas growing general effectivity.”
Following the trial, there are plans to open-source the code, to allow the broader business free access to the system.
There are also hopes that the know-how might be developed to additional enhance the roaming wholesale market, as an example, by automating settlement processes between operators.
As Cointelegraph has reported, Deutsche Telekom has been very lively within the Blockchain area, launching the Blockchain Ecosystem (GBE) and partnering with a Maltese authorities company in October 2019.
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